Admission Criteria in Top Management Schools in the World

When it comes to choosing a business school one can consider many factors like quality of teaching, standards, rank of school in the world OR country, Major courses available, and employment opportunities.

According to the business insider and other surveys the below listed universities/business schools were ranked by considering the following indicators.

Here are the five indicators considered to give rankings in the world.

1. Reputation (35%)
2. Average starting salary after graduation (25)
3. Job placement (10%)
4. Tuition and fees (15%)
5. Average GMAT score (15%)

As the above four indicators are not in the hands of the candidate,So the candidate has to concentrate to improve his GMAT scores by giving frequent tests.

What is GMAT

The Graduate Management Admission Test (GMAT) is a computer adaptive test (CAT) where the syllabus aims at assessing certain analytical, writing, quantitative, verbal, and reading skills in written English for use in admission to a graduate management program, such as an MBA program of various B-schools in the world. It requires knowledge of certain specific grammar and knowledge of certain specific algebra, geometry, and arithmetic. The GMAT is a top grade test which not only assesses analytical writing and problem-solving abilities, but also addresses data sufficiency, logic, and critical reasoning skills which beliefs to be necessary to real-world business and management success. One can appear the test up to five times a year but not more than 8 times in total. Attempts must be at least 16 days apart.

Since, 16th April 2018, the Graduate Management Admission Council has shortened the GMAT exam by 30 minutes. Now, the exam is of 3 hours and 30 minutes including test instructions and breaks. The Verbal Reasoning and Quantitative sections were shortened by 13 and 10 minutes respectively. The Integrated Reasoning and Analytical Writing Assessment along with the Score Preview and the optional break time remained the same. These changes do not have any impact on scoring in the shortened Verbal Reasoning and Quantitative sections as only the unscored items have been removed by the GMAC. GMAT has a feature that provides candidates with the flexibility to customize their GMAT experience by choosing the section order in which they feel most comfortable taking the exam.

GMAT is the most widely accepted exam for MBA admissions worldwide, conducted by the Graduate Management Admission Council (GMAC). No other exam has as wide acceptability as GMAT. As per the GMAC, globally 9 out of 10 MBA enrolments are made through GMAT Score. Further, 2,300 + schools accept GMAT Scores for giving admission. Also, there are 650 testing centers in 114 countries that administer the GMAT Exam.

GMAT scores play an important role in MBA admissions in Top Management School. To get admission in a top-ranking Business school in India and abroad, the entry eligibility criteria is much tougher. Here, the average GMAT scores play an important role in the selection in the top MBA programs. It is the main parameter than any other parameter in the overall MBA application.